2023
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GDP
$351BCURRENT US$
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2013-2023
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GDP GROWTH
84.8%CURRENT US$
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2023
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 GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
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GDP GROWTH
-12.1%CURRENT US$
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2023
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GDP PC 
$18,404CURRENT US$
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2013-2023
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GDP PC GROWTH
93.8%CURRENT US$
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2023
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GDP PC
$10,295CURRENT US$
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2013-2023
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GDP PC GROWTH
-17.4%CURRENT US$
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About

Romania-Brazil Trade: In 2023, Romania exported $364M to Brazil. The main products that Romania exported to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($87.2M), Engine Parts ($22.6M), and Thermostats ($21.8M). Over the past 5 years the exports of Romania to Brazil have increased at an annualized rate of 1.83%, from $333M in 2018 to $364M in 2023.

In 2020, Romania exported services to Brazil worth $12.2M, with Computer and information services ($7.31M), Transportation ($2.86M), and Other business services ($1.14M) being the largest in terms of value.

Brazil-Romania Trade: In 2023, Brazil exported $364M to Romania. The main products that Brazil exported to Romania were Soybean Meal ($130M), Raw Sugar ($97.3M), and Raw Tobacco ($29.9M). Over the past 5 years the exports of Brazil to Romania have decreased at an annualized rate of 3.96%,  from $445M in 2018 to $364M in 2023.

In 2023, Brazil did not export any services to Romania.

Comparison: In 2023,  Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Romania exported $364M to Brazil. The main products exported from Romania to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($87.2M), Engine Parts ($22.6M), and Thermostats ($21.8M). During the last 5 years the exports of Romania to Brazil have increased at an annualized rate of 1.83%, from $333M in 2018 to $364M in 2023.

In 2018, Brazil exported $364M to Romania. The main products exported from Brazil to Romania were Soybean Meal ($130M), Raw Sugar ($97.3M), and Raw Tobacco ($29.9M). During the last 5 years the exports of Brazil to Romania have decreased at an annualized rate of 3.96%, from $445M in 2023 to $364M in 2018.

Exports from Romania (Flag) to Brazil (Flag) (2023)

Exports from Brazil (Flag) to Romania (Flag) (2023)

Latest Data

Trade between Romania (Flag) and Brazil (Flag)

Romania Exports

Brazil Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$19.9B
Brazil
Top Destination
China$106B

This map shows whether countries import more from Romania or Brazil. Each country is colored based on the difference in imports they receive from Romania and Brazil or the difference in the growth in imports.

In 2023, countries that imported more from Romania than Brazil included Germany ($19.9B), Italy ($10.2B), and Hungary ($4.22B).

In 2023, countries that imported more from Brazil than Romania included China ($106B), United States ($37B), and Argentina ($17.2B).

Difference in imports from Brazil (Flag) and Romania (Flag) (2023)

Comparative Advantage Romania - Brazil

Flow
Scale

This chart compares trade between Romania and Brazil by product, considering products traded by both, Romania and Brazil.

During 2023, Romania had a large net trade with Brazil in the exports of Machines ($172M), Transportation ($88.9M), and Instruments ($35.5M).

During 2018, Brazil had a large net trade with Romania in the exports of Foodstuffs ($264M), Mineral Products ($26.8M), and Paper Goods ($26.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Brazil+$68.9MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Brazil Romania+$37.9MSoybeans

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Romania and Brazil. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Romania.

Product Space of Romania (Flag) and Brazil (Flag) (2023)

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